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EXIN Management of Risk Foundation Sample Questions:

1. Which technique can be used to clarify potential sources of risks across an activity?

A) Risk breakdown structure
B) Probabilistic risk models
C) Summary risk profiles
D) Decision trees

2. Which is NOT a use of the 'horizon scanning' technique?

A) Identifying long-term developments that could affect the organization's objectives
B) Assessing how emerging trends could affect the organization's objectives
C) Conducting a wide scan of the current external environment
D) Facilitating the identification of changes that may affect the organization's risk exposure

3. What defines the threshold levels of risk exposure that when exceeded will trigger a response?

A) Risk perception
B) Risk appetite
C) Risk capacity
D) Risk tolerance

4. Which is NOT a purpose of 'embedding and reviewing M_o_R'?

A) Reviewing risk descriptions as a result of changes to the context
B) Assessing the implementation of risk management
C) Identifies the opportunities for updating existing risk management practices.
D) Improving the risk culture of an organization

5. Which is recorded in the'risk register'?

A) Threats and opportunities
B) Risk management practices within an organization
C) Events that have already occurred
D) Organizational risk appetite and capacity

Solutions: